Nippon Gas Co., Ltd. (TSE:8174) announces a share repurchase program. Under the program, the company will repurchase up to 1,250,000 shares, representing 2.93% for ¥5,000 million. The purpose of the program is to improve shareholder returns and to enhance capital efficiency. All the shares purchased under the plan will be cancelled. The plan will expire on October 31, 2019. As of September 30, 2018, the company had 42,721,001 shares outstanding and 5,840,524 shares in treasury.